John "DoubleTalk" McBush III, August 20, 2008.
The unemployment rate jumped to 6.1 percent in August, its highest level in five years, as the erosion of the job market accelerated over the summer.
Employers cut 84,000 jobs last month, more than economists had expected, and the Labor Department said that more jobs were lost in June and July than previously thought.
So far, 605,000 jobs have disappeared since January. The unemployment rate, which rose from 5.7 percent in July, is now at its highest level since September 2003.
Additionally, according to Bloomberg.com, mortgage foreclosures and delinquencies are at a 29-year high.
Do you remember "All In The Family"?
Do you remember the theme song?
Do you remember the line "Mister, we could use a man like Herbert Hoover again"?
After hearing last night's standard GOP economic prescription--more of the same--Archie Bunker would love John "DoubleTalk" McBush III.
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